ARU

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18.5¢ arafura rare earths ltd

Thanks Birchcorp. Much appreciated!Much morę substance to the...

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thewhitekiwi

439 Posts.

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17/10/23

14:07

Post #: 70387679
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Originally posted by Birchcorp: ↑

I had a chat with Gavin between his trip to Nolans/Canberra and back to WA to prepare for AGM Thursday.
Q1: The $600MEuler Hemes is a guarantee.
Q2: The$500M was mentioned to reach out to other super funds etc. i.e. Its notuncommon for super funds to invest $50-$100M. This would reduce the equitycomponent on market.
Q3:Offtakers having difficulty with exposure to China. They don’t wished to beexposed yet, until funding put away.
Q4: Theyhave been investigating themselves, unknown as yet. He doesn’t believe it isthe insto’s we sold to previously. i.e. they culled hedge funds that pump anddump.
Q5: I wantedthis in writing for the AGM
Q6: Thiswill be in writing for the AGM
Q7: Thegoal is to exclude shorters from the raise (if/as required).
Q8: Notasked
Q9: Not appropriatein this conversation – had bigger fish to fry on this call.
Q10: Notasked, but will place this in the AGM.
Q11: I willplace in the AGM: But ask me at times like today, I am happy to ask away.
Q12: Thegovernment has been approach again, and last week again, Gavin spent inCanberra. Gavin has suggested the Government has been approachable in recent month(s).
Q13: Theyhave significantly reduced costs on site, but Gavin will be showing pictures atthe AGM. i.e. just awaiting the finance to ramp up contractors again.

The issueis everyone wants to add money last, advanced terms sheets are ready and atfinal stage. They looking for liquidity on the debt side, and then have sinceover 12 months ago, been speaking with super funds etc.
Gavin has 5M shares also, needless to say, also disappointed with shorters games (my words).
He doesn’t believeHancock is responsible for any of the shorting, or games.
They arestill aiming for this year.

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Thanks Birchcorp. Much appreciated!

Much morę substance to the answers than I thought there might be, - well done!

Need to digest a bit more....but on scanning through quickly I'm not necessarily unhappy with that feedback.....he could have been a lot more elusive.

Thanks again.

ARU Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 18.5¢		Change 0.000(0.00%)		Mkt cap ! $427.4M

Open	High	Low	Value	Volume
18.0¢	19.0¢	18.0¢	$286.7K	1.555M

Buyers (Bids)

No.	Vol.	Price($)
3	152154	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	482460	14

View Market Depth

No.	Vol.	Price($)
3	152154	0.185
64	2252766	0.180
50	2948375	0.175
37	4307291	0.170
19	1226559	0.165

Price($)	Vol.	No.
0.190	482460	14
0.195	1090211	21
0.200	2737793	39
0.205	1405023	27
0.210	1345138	25

Last trade - 16.10pm 19/07/2024 (20 minute delay)

ARU (ASX) Chart

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